GBB on goldsilverdata.com Summary (from last analysis - 01/10/2013)
Gold Bullion Development is highly undervalued with a fully diluted market cap of only $24 million. The Granada property in Quebec, Canada is on 27,000 acres. It is a shallow surface mine with an estimated 3.5+ million oz resource. They have a 43-101 resource estimate of 2.6 million oz at 1 gpt (1.6 million Measured and Indicated), and will likely increase that before they release a feasibility study in the next couple of years. This low valuation is typical in the mining business lately. Large deposits are consistently being undervalued (future reserves are valued at $13). The stock market refuses to give a company value until they are near production. Thus, this is a long term investment.
I would not expect this stock to get its true valuation for another 5 years. However, they are in a gold district in Quebec, and it would not surprise me for them to find 3+ million oz on their 27,000 acre property. If that happens, this stock could be a 5 bagger very quickly, and a 25 bagger long term. As a speculation stock this is not a bad play, because there are not many 3 million oz deposits in the world.
There are a few red flags. First, is the timeline until production, which won’t be for at least 5 years. The second is the possibility of a buyout. They will get several offers, because it is so cheap. Also, the stock is highly diluted (and they are low on cash), which will limit the explosiveness of the stock price. The last red flag is management. If I had more confidence in management's ability to build the mine, I would be more excited. On the positive side, the location is ideal. Another positive is that a PFS (pre-feasibility study) is going to be started in 2013.